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Panasonic India releases its first Sustainability Report

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Panasonic India releases its first Sustainability Report

Sep 05, 2012

Keeping in with the National Voluntary Guidelines and its shared-value approach to sustainability, Panasonic India releases its first-ever Sustainability Report.

Panasonic, the global leader in innovation and technology, recently published its first sustainability report for India. The report entails the company’s sustainability-related initiatives, performance, and priorities going forward for the fiscal year 2011-12. It highlights the firm's shared-value approach to sustainability with focus on the relationship among strong economic performance, social responsibility and respect for the environment. The new report also highlighted the many awards and recognitions that Panasonic has received.

The structure of the report is aligned with the Government of India’s National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business. Issued in July 2011, these guidelines urge all businesses to become responsible towards society, so that their every action leads to sustainable growth and economic development. This message is directly in line with Panasonic’s business philosophy articulated by the founder, Konosuke Matsushita, and is reflected in Panasonic’s core management principles. While Panasonic is dedicated to enacting these principles throughout its operations, the company is also dedicated to create and implement policies that help accurately measure and continuously improve focus on social and environmental responsibility encompassing two goals: Green Life Innovation to realise green lifestyles to enrich people’s lives and Green Business Innovation to bring forth innovation in the business styles.

Commenting on the release of the sustainability report, Mr. Daizo Ito, President Panasonic India said, “This report is the first step by Panasonic India in assessing the current sustainability efforts and setting a path for unremitting improvement. The publication of this report marks a major stride towards greater precision and productive engagement with Panasonic’s stakeholders reiterating our pledge towards sustainable development. With this step, we will be well positioned with clearly identify as to where we currently stand as a company and where we want to progress further, and help us achieve our objective of providing more transparent, rich communication with our stakeholders throughout India.”